Back9Network Thursday withdrew a lawsuit it filed six weeks ago against the company's co-founder and former CEO, Jamie Bosworth, agreeing to resolve differences in binding arbitration and quieting a bitter public exchange that drew media coverage to the fledgling broadcaster's recent troubles.

"In consenting to arbitration and withdrawing this action without prejudice, Back9 does not concede that Bosworth has any legal or contractual entitlement to arbitration nor does Back9 waive any rights or remedies…," went a "joint stipulation" agreed to by both parties and filed in Hartford Superior Court.

Settling the dispute under the procedures of the American Arbitration Association takes it out of the public arena, where both sides had launched incendiary allegations and claims.

Back9 claimed in its lawsuit, filed in December, that Bosworth broke a promise that he made in a severance agreement last summer not to disparage the Hartford-based producer of "golf-lifestyle" programming online and on DirecTV. Back9 claimed Bosworth had "made false and disparaging statements" about the company's management, board members and financial outlook.

Bosworth fired back a week ago by filing a document in the case claiming that he was forced out last year as CEO of the now-troubled "golf-lifestyle" broadcasting company in a "struggle for power" with Sanford Cloud Jr., the well-known businessman and political figure who now is chairman of Back9's board.

Bosworth's allegations were part of a legal memorandum by his attorney, Paul McConnell, in which he asked a judge to issue a stay of the Back9 lawsuit and to refer it to arbitration, where McConnell claimed an original employment contract for Bosworth said all disputes must be settled. Thursday's joint court filing renders moot any dispute over whether arbitration is mandatory.

"We are delighted that Back9 has agreed to resolve our differences through arbitration," McConnell said late Thursday. "This is a positive result for both Mr. Bosworth and Back9. Mr. Bosworth remains Back9's largest shareholder and is committed to seeing it succeed no matter what role he is in."

Among Back9's recent troubles have been its temporary inability to meet a payroll and its announcement that 35 of its roughly 85 employees are being laid off.

Back9 has been closely watched, partly because of a controversial economic development loan-and-grant package of $5 million that it received from the state. The newly announced layoffs are a reversal from last June's announcement that Back9 would expand its staff after securing its spot on the DirecTV satellite broadcast menu. The company has not confirmed or denied an assertion by a plaintiff in an earlier lawsuit that the company is paying $7 million a year to be on DirecTV.